Beer Store blames ‘cash shortfall’ on grocery store suds sales

Article Link: https://torontosun.com/news/provincial/beer-store-blames-cash-shortfall-on-grocery-store-suds-sales

Discussion posted by: IRWeasel

Ontario grocery store beer sales are being blamed for a “cash shortfall” last year to the tune of $13.1 million, contributing to the closure of 10 Beer Stores. In a statement, Beer Store spokesman Bill Walker says the sales slump is a direct result of the opening of beer sales in 450 Ontario grocery stores and of the continued uncertainty surrounding the Beer Store’s current 10-year operating agreement with the province, which was signed in 2015 and would be costly to terminate.